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Commercially zoned two-family property. There are 2 - 3 Bedroom units each with bonus room, generating a healthy cap rate, situated in the village of Catskill right next door to Bridge Street Theater and in an area right across the bridge that is quickly gentrifying. Rents have been the same for quite some time so it is possible to generate an even better income with new improvements. Some improvements have been done recently but still requires some attention. However, this is a window of opportunity for the savvy investor looking forward to Catskill's residential and commercial future and possibilities while maintaining an excellent cash flow. Current tenants are month-to-month. With the exception of a health or safety issue, property is being sold "as-is-where-is." Owner will hold some paper but requires a minimum deposit of $85,000. Principal broker Lawrence O'Toole is the owner of this property.

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Basic Information

  • Acreage0.12
  • Lfd ConditionGOOD, FAIR
  • List Price$112,500
  • MLS Number20180732
  • Property Type2 Family
  • SewerMUNICIPAL
  • Units2
  • Year Built1930

Water Body

  • Lfd WaterMUNICIPAL

Other

  • AppliancesRANGE, REFRIGERATOR
  • Lot16
  • Lot Dimensions0.12 acres
  • StatusACT
  • View Count8

Location

  • Address54 West Bridge Street
  • Area TownGREENE
  • Building Number54
  • High School DistrictCatskill School District
  • StateNY
  • StreetWest Bridge
  • TownCatskill
  • Zone5

Building

  • BasementPARTIAL
  • Garage Capacity3
  • Garage Parking ExtrasDRIVEWAY, 3 CAR +
  • Garage TypeGarage Detached
  • RoofASPH SHINGLE

Interior

  • FloorsVINYL

Utilities

  • Heat SourceSTEAM
  • Heating FuelOIL
  • Hot WaterELECTRIC

Catskill, NY Demographics

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Catskill, NY Real Estate Market Data

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Catskill, NY Schools

School NameDistanceTypeGrades
Listed by Robert Stang, Lawrence O'Toole Realty

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